Hammer specialist market in Neustrelitz: bankruptcy, but security for employees!

Hammer specialist market in Neustrelitz: bankruptcy, but security for employees!

Neustrelitz, Deutschland - The group of Brothers SCHAU has registered bankruptcy, and this also affects the well-known hammer specialist market in Neustrelitz. At the end of June, the Bielefeld District Court gave the green light for the bankruptcy proceedings in self -administration. What exactly does that mean for the approximately 3900 employees and customers in the region?

With the aim of securing the sustainable future of the company, a renovation concept is to be implemented. Key figures in this process are lawyer Dr. Yorck Streitbörger, who was employed as a general representative, and Prof. Dr. Dirk Andres, who acts as a provisional actor. Both will monitor the self -administration and ensure that the company matters are in line with the interests of the creditors.

business operations are still active

good news first of all: the hammer specialist market in Neustrelitz continues its business without restrictions. The company headquarters emphasized that nobody will lose their workplace. In addition, the salaries of employees up to and including August 2025 are secured by bankruptcy money from the Federal Employment Agency, which for many concerns.

In Mecklenburg-Western Pomerania, a total of twelve hammer special markets are affected, including in cities such as Waren, Neubrandenburg, Greifswald and Stralsund. There are also twelve other locations in Brandenburg, for example in Prenzlau and Schwedt. In the past, a hammer specialist market in Schwerin had to close in August 2022 because of an economic imbalance, which increased the uncertainty around the brand.

A look at the company history

The Brüder Group was founded as a color-large storyline in Minden in 1921 and subsequent institutions such as the hammer-furnishing markets experienced their premiere in 1976. With over 180 branches for interior equipment and home textiles, the chain is now one of the larger providers in Germany. Around 60 craftsman markets from the Sauer brand are also affected by the bankruptcy, which illustrates the scope of this situation.

What about the perspectives of the company? In the event of bankruptcy in self -administration like this, there is a chance of renovation and a return to economic success. The current financing concept could play a key role to set the course for the future.

Insolvency proceedings are by no means the end, but often a fresh start for many companies that face financial challenges. The aim of these procedures is to restructure the companies and to bring them to a positive course. IHK-Competence explains that a renovation process can be considered in the event of a prospect of economic recovery.

Further information on this topic can be found on Nordkurier and n-tv .